Palantir Surges to Third Most Traded Stock with $16.384 Billion Volume Amid AI Concerns

On June 5, 2025, Palantir Technologies (PLTR) experienced a significant trading volume of $16.384 billion, marking a 30.42% increase from the previous day. This surge placed Palantir as the third most traded stock of the day. However, the stock price has since declined by 7.77% over the past two days, resulting in a total decrease of 9.96%.

Palantir CEO Alex Karp expressed his concerns about the dangers of artificial intelligence (AI) in an interview with CNBC's "Squawk on the Street." Karp emphasized that AI has both positive and negative consequences, and the ongoing AI arms race will ultimately be won by either the U.S. or China. He also noted that Western allies, particularly in Europe, will need to learn from the U.S. to stay competitive in this technological race.

Karp's comments come at a time when Palantir's stock has been volatile, with investors closely monitoring the company's involvement in AI and its potential implications. The CEO's warnings about the risks associated with AI have added to the uncertainty surrounding the stock, contributing to its recent decline.